Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$587,255$587,255$679,500
Remaining term (yrs)28.628.630.0
Secondary amount$0$92,245$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.539%7.640%
1st payment$3,864.65$3,864.65$4,704.72
2nd payment$0.00$691.84$0.00
Taxes / mo$629.17$629.17$629.17
Insurance / mo$216.67$216.67$216.67
MI / mo$272.82$272.82$135.90
HOA / mo$0.00$0.00$0.00
Total monthly$4,983.30$5,675.14$5,686.45
Cash to close$167,745$75,500$75,500